Chinese conglomerate HNA Group was earlier this year placed under a bankruptcy and restructuring process due to its liquidity crisis which stemmed from years of aggressive acquisitions abroad. Photo: Reuters
Chinese conglomerate HNA Group was earlier this year placed under a bankruptcy and restructuring process due to its liquidity crisis which stemmed from years of aggressive acquisitions abroad. Photo: Reuters

China plays down concerns of excess foreign debt amid US Federal Reserve monetary easing

  • State Administration of Foreign Exchange spokeswoman Wang Chunying said that over the medium to long term, the foundations in the foreign exchange market for stable operations are still solid
  • Lured by cheap credit in the wake of the 2008 global financial crisis, Chinese firms snapped up assets abroad, drawing the attention of China’s regulators

Chinese conglomerate HNA Group was earlier this year placed under a bankruptcy and restructuring process due to its liquidity crisis which stemmed from years of aggressive acquisitions abroad. Photo: Reuters
Chinese conglomerate HNA Group was earlier this year placed under a bankruptcy and restructuring process due to its liquidity crisis which stemmed from years of aggressive acquisitions abroad. Photo: Reuters
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